Advantages of Using a Self-Storage Unit for Inventory Management

by Steve Smith Latest News and Blog

Self-storage units are the perfect place to house your business's inventory. Not only are they very secure, but they also help you grow your business while keeping costs low. Here are all the ways in which Storage Units Swansea, MA can benefit your small business:

Maximizing space utilization

The first step in maximizing space utilization is to calculate the size of your items. If a box is 3 feet tall and 2 feet wide, that's 6 square feet of space. If you have 10 boxes like this, then you have 60 square feet of storage space.

The next thing you need to do is measure your floor space in order to figure out how much shelving or other storage options are available for each item type. For example: if there are 40 square feet of shelf space available and you have 60 square feet (as calculated above), then there will be 20 extra square feet that can be used for another item type (e.g., DVD players).

Once these calculations are complete, it's time to determine what percentage of your overall inventory each item takes up and compare those percentages with industry standards so that they're in line with what's expected from other companies in similar situations as yours; if not comparable enough then the chances are good that something could be done better somewhere along the line but if everything looks like it's going well then great! You've just saved hundreds upon thousands over the years spent on other methods such as manual tracking systems."

Secured access to inventory

The fact that you don't have to worry about people, pets, or nature getting into your Storage Units in Swansea, MA means that you can be confident that your products are safe. This peace of mind allows for a more relaxed process of inventory management and control.

Also, because your inventory is stored in a climate-controlled environment and not exposed to the elements, there is less risk of damage or loss. You know exactly what items are in stock at all times without having to worry about whether they have been ruined by moisture or insects while sitting outside in the sun.

Flexible lease terms

You can choose from several different lease terms when renting a self-storage unit. You may prefer to make monthly payments, but if you don't want to pay for more than three months upfront at once, you can also choose daily or weekly rentals.
If your business is seasonal—if it has large spikes in business during certain periods of the year—you will be able to save money by renting a self-storage unit instead of purchasing expensive equipment that sits unused most of the time.
Longer leases tend to be cheaper than shorter ones because they require less administrative work (such as notifying tenants when their lease expires) on behalf of the landlord and property manager.

Self-storage is cost-effective

It's much cheaper than buying or leasing a warehouse and building it out to your specifications, which can be a costly and time-consuming endeavor. It's also much cheaper than renting an existing warehouse space with higher overhead costs. In fact, self-storage facilities are usually less expensive to rent per square foot than traditional brick-and-mortar rental properties such as retail stores or industrial buildings (for example, if you were going to pay $15 per sq ft for office space in New York City). You even have options when it comes time to renew your lease: if you want something bigger or smaller, no problem! You can move your stuff into another unit at any time without any hassle from landlords who don't want their property being used as storage units by multiple people at once (which would mean lost revenue).

Conclusion

Your business might be doing just fine with your current inventory management system. However, if you want to expand and grow your business, then it's going to take a lot more than just hiring new employees or buying more equipment. It's going to require new inventory management techniques that will free up some room in the warehouse while providing safe storage of products at the same time.